Finally some good news may be on the way…..

Well I am sure if you guess you would get it right because there is no other good news that one can think of – hmmm looks like the recession is slowly get over.
Well though nothing can be certain, there are a few indicator that may point to this direction
*Manufacturing in India and China grew in April and though Europe is still on the decline
*Pending sales of existing U.S. homes rose unexpectedly in March and US construction spending rose a slim 0.3 per cent the same month, its first increase since September.
*Wall Street's leading indexes jumped 2.5 per cent or more as investors bet the government's "stress tests" won't be bad for banks and hoped the housing data meant the recession is ending
*The S&P 500 topped the psychologically important 900 level for the first time since early January. The FTSEurofirst 300 index of top European shares had ended up 1.5 per cent, its highest close since January 12, with oil and gas and industrial engineering among the top sectoral gainers.
*Hong Kong-based brokerage CLSA's China Purchasing Managers' Index (PMI) rose to 50.1 in April from 44.8 in March, the first time since July 2008 the seasonally-adjusted index climbed above 50. In India, the ABN AMRO Bank purchasing managers' index rose to 53.3 from March's 49.5, its highest in seven months.
*In India Cement sales have grown at near double-digit rates since November, consumer goods sales have seen strong support from rural markets, while auto demand has firmed after a disastrous December quarter.

The China and India PMI data helped push Asian stocks to seven-month highs, also supported by the positive US data. US stocks were also fueled by investor hopes that banks will be able to raise any capital they may need as a result of findings in the government stress tests. A word of caution though is that The difference between recession and recovery may be little more than a statistical technicality. The economy may not be falling, but neither is it rising very quickly.